A closely followed analyst says the crypto bull market’s end is much closer than most traders realize.
In a new thread on the social media platform X, Jason Pizzino tells his 123,400 followers that investor sentiment indicates traders now are closer to the end of the bull market than the start.
“Bitcoin and crypto ‘end-stage’ emotional volatility has dramatically increased which only suggests we are much closer to the end than the beginning of the cycle.
That might seem like an obvious statement now, but wait until the market gets closer to the final top; it won’t be so obvious which is generally a signal within itself.”
In an accompanying video update, Pizzino says historically, when the market gets excited and overconfident, stagnation tends to follow.
“I think a lot of people believe this cycle should run until the end of 2025, but what if we’re seeing a lot of that excitement come back into the market?
Every time it goes up, all I see is just everyone getting super bullish and then it pauses for a bit, corrects, and then we start on the next move. So I’m just keeping an open mind.”
The trader’s chart uses Bitcoin (BTC) as an example. According to Pizzino, the top crypto asset by market cap may correct or trade sideways all the way until October 2025.
“Looking somewhere [between] Q2 out to Q3, just the beginning of Q4… Most people can’t handle six to 10 months.
They talked about a drop of one month and they all freaked out yesterday, it’s absolutely bonkers out there, which is why I think we are in those final moves, basically the end of the cycle.”
BTC is trading at $98,900 at time of writing, a marginal increase on the day.
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